lrec purchase agreement

louisiana realtors® and the louisiana real estate commission (lrec) worked jointly to review and make updates and changes to several forms realtors® use in their business. the following detailed articles provide a good analysis of the documents and explanation of changes. lr suggests realtors® do a thorough review in order to understand and be knowledgeable on the differences from the 2020 forms revisions. the 2022 agreement will be required to be used by all real estate licensees commencing on january 1, 2022. lr released an overview recording (as viewed above) and in addition have produced a detailed guide and look at the redline changes along with explanation to reflect the significant additions and deletions between the 2020 version and 2022 version. we recommend a thorough review of the information provided so that you can be best prepared and knowledgeable.